AI Analysis

How does 9688.HK make money? Does 9688.HK have pricing power? What's the Earnings Whisper? Will 9688.HK profit more as the business scales? What is 9688.HK's management track record? Is 9688.HK's current price justified?

Zai Lab Limited

HKD 19.04 +$5.46 (+40.21%)

HKSE · 15 Sep 2026 08:08 UTC

Previous Close

HKD 18.96

Day Range

HKD 18.87HKD 19.34

Year Range

HKD 12.31HKD 27.28

Market Cap

21.5B

AVG Volume

10.35M

Trailing/Forward PE

-13.93/-

PEG ratio

3.8

Dividend Yield

Next Earnings Date

2026-11-10

Primary Exchange

Hong Kong Stock Exchange

Revenue (USD) · TTM

9688.HK Revenue (USD) · TTM by quarter
Period	Revenue (USD) · TTM
26 Q2	449.2M
26 Q1	452.87M
25 Q4	460.04M
25 Q3	441.63M
25 Q2	427.8M
25 Q1	418.33M
24 Q4	398.99M
24 Q3	355.75M
24 Q2	322.71M
24 Q1	291.07M

Net Income (USD) · TTM

9688.HK Net Income (USD) · TTM by quarter
Period	Net Income (USD) · TTM
26 Q2	-188.02M
26 Q1	-177.92M
25 Q4	-175.49M
25 Q3	-206.81M
25 Q2	-212.52M
25 Q1	-252.07M
24 Q4	-257.1M
24 Q3	-270.85M
24 Q2	-298.33M
24 Q1	-338.95M

Operating Income (USD) · TTM

9688.HK Operating Income (USD) · TTM by quarter
Period	Operating Income (USD) · TTM
26 Q2	-263.83M
26 Q1	-242.24M
25 Q4	-229.37M
25 Q3	-227.92M
25 Q2	-246.95M
25 Q1	-268.12M
24 Q4	-282.12M
24 Q3	-338.21M
24 Q2	-353.92M
24 Q1	-367.36M

EBITDA (USD) · TTM

9688.HK EBITDA (USD) · TTM by quarter
Period	EBITDA (USD) · TTM
26 Q2	-204.08M
26 Q1	-193.72M
25 Q4	-174.03M
25 Q3	-187.93M
25 Q2	-195.33M
25 Q1	-236.44M
24 Q4	-242.99M
24 Q3	-284.33M
24 Q2	-327.93M
24 Q1	-369.99M

Cash Flows (USD) · TTM

9688.HK Cash Flows (USD) · TTM by quarter
Period	Cash Flows (USD) · TTM
26 Q2	-134.75M
26 Q1	-105.08M
25 Q4	-155.31M
25 Q3	-210.42M
25 Q2	-230.99M
25 Q1	-238.84M
24 Q4	-276.39M
24 Q3	-218.63M
24 Q2	-218.98M
24 Q1	-236.98M

EPS (USD) · TTM

9688.HK EPS (USD) · TTM by quarter
Period	EPS (USD) · TTM
26 Q2	-0.17
26 Q1	-0.16
25 Q4	-0.16
25 Q3	-0.19
25 Q2	-0.59
25 Q1	-1.37
24 Q4	-1.88
24 Q3	-2.78
24 Q2	-3.06
24 Q1	-3.49

Expenses (USD) · TTM

9688.HK Expenses (USD) · TTM by quarter
Period	Expenses (USD) · TTM
26 Q2	524.91M
26 Q1	514.64M
25 Q4	511.2M
25 Q3	528.59M
25 Q2	569.55M
25 Q1	585.94M
24 Q4	594.77M
24 Q3	607.56M
24 Q2	573.58M
24 Q1	578.32M

Shares Outstanding (USD) · TTM

9688.HK Shares Outstanding (USD) · TTM by quarter
Period	Shares Outstanding (USD) · TTM
26 Q2	-58.29M
26 Q1	-63.32M
25 Q4	-65.6M
25 Q3	-66.93M
25 Q2	-66.81M
25 Q1	-68.47M
24 Q4	-70.65M
24 Q3	-73.81M
24 Q2	-77.42M
24 Q1	-77.23M

Free Cash Flow Yield

9688.HK Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	-3.92%
Sep 26	-3.93%
Sep 26	-3.58%
Aug 26	-3.6%
Aug 26	-3.66%
Aug 26	-3.7%
Aug 26	-4.33%
Jul 26	-5.2%
Jul 26	-4.84%
Jul 26	-4.8%
Jul 26	-4.71%
Jul 26	-4.97%
Jun 26	-7.92%
Jun 26	-7.66%
Jun 26	-8.35%
Jun 26	-8.73%
May 26	-7.91%
May 26	-7.49%
May 26	-6.83%
May 26	-7.28%
Apr 26	-6.68%
Apr 26	-6.25%
Apr 26	-6.02%
Apr 26	-6.77%
Apr 26	-6.97%
Mar 26	-10.59%
Mar 26	-10.52%
Mar 26	-10.45%
Mar 26	-9.65%
Feb 26	-9.92%
Feb 26	-9.71%
Feb 26	-9.57%
Feb 26	-11.01%
Jan 26	-11.36%
Jan 26	-10.43%
Jan 26	-10.2%
Jan 26	-10.26%
Jan 26	-10.95%
Dec 25	-10.25%
Dec 25	-10.73%
Dec 25	-10.39%
Dec 25	-9.52%
Nov 25	-9.4%
Nov 25	-9.68%
Nov 25	-8.67%
Nov 25	-8.6%
Oct 25	-8.18%
Oct 25	-7.92%
Oct 25	-7.46%
Oct 25	-6.49%
Oct 25	-6.15%
Sep 25	-7.07%
Sep 25	-6.77%
Sep 25	-6.6%
Sep 25	-7.13%
Aug 25	-6.72%
Aug 25	-6.44%
Aug 25	-6.23%
Aug 25	-6.38%
Aug 25	-6%
Jul 25	-5.94%
Jul 25	-6.38%
Jul 25	-6.62%
Jul 25	-6.1%
Jun 25	-7.65%
Jun 25	-7.63%
Jun 25	-6.37%
Jun 25	-7.12%
May 25	-8.77%
May 25	-8.4%
May 25	-9.16%
May 25	-8.87%
May 25	-8.28%
Apr 25	-8.14%
Apr 25	-9.16%
Apr 25	-9.4%
Apr 25	-7.27%
Mar 25	-56.48%
Mar 25	-62.74%
Mar 25	-59.62%
Mar 25	-62.27%
Feb 25	-65.5%
Feb 25	-65.18%
Feb 25	-74.83%
Feb 25	-80.6%
Jan 25	-83.49%
Jan 25	-84.87%
Jan 25	-85.49%
Jan 25	-92.19%
Jan 25	-90.74%
Dec 24	-84.94%
Dec 24	-84.69%
Dec 24	-84.89%
Dec 24	-80.05%
Nov 24	-77.77%
Nov 24	-88.38%
Nov 24	-81.23%
Nov 24	-71.05%
Nov 24	-74.25%
Oct 24	-67.96%

Price to Sales

9688.HK Price to Sales by quarter
Period	Price to Sales
Sep 26	5.91
Sep 26	5.91
Sep 26	6.48
Aug 26	6.45
Aug 26	6.34
Aug 26	6.26
Aug 26	5.36
Jul 26	4.46
Jul 26	4.8
Jul 26	4.84
Jul 26	4.93
Jul 26	4.66
Jun 26	4.27
Jun 26	4.41
Jun 26	4.04
Jun 26	3.87
May 26	4.27
May 26	4.51
May 26	4.94
May 26	4.63
Apr 26	5.06
Apr 26	5.4
Apr 26	5.61
Apr 26	4.99
Apr 26	4.84
Mar 26	4.5
Mar 26	4.53
Mar 26	4.56
Mar 26	4.94
Feb 26	4.8
Feb 26	4.91
Feb 26	4.98
Feb 26	4.33
Jan 26	4.19
Jan 26	4.57
Jan 26	4.67
Jan 26	4.65
Jan 26	4.35
Dec 25	4.65
Dec 25	4.44
Dec 25	4.58
Dec 25	5
Nov 25	5.07
Nov 25	4.92
Nov 25	5.49
Nov 25	5.54
Oct 25	6.6
Oct 25	6.81
Oct 25	7.24
Oct 25	8.33
Oct 25	8.78
Sep 25	8.08
Sep 25	8.43
Sep 25	8.65
Sep 25	8.01
Aug 25	8.49
Aug 25	8.86
Aug 25	9.16
Aug 25	8.95
Aug 25	9.51
Jul 25	9.61
Jul 25	8.96
Jul 25	8.62
Jul 25	9.37
Jun 25	9.05
Jun 25	9.08
Jun 25	10.87
Jun 25	9.73
May 25	7.9
May 25	8.25
May 25	7.56
May 25	7.81
May 25	8.37
Apr 25	8.51
Apr 25	7.56
Apr 25	7.37
Apr 25	9.53
Mar 25	1.09
Mar 25	0.98
Mar 25	1.03
Mar 25	0.99
Feb 25	0.94
Feb 25	0.94
Feb 25	0.82
Feb 25	0.76
Jan 25	0.74
Jan 25	0.72
Jan 25	0.72
Jan 25	0.67
Jan 25	0.68
Dec 24	0.8
Dec 24	0.8
Dec 24	0.8
Dec 24	0.85
Nov 24	0.87
Nov 24	0.77
Nov 24	0.84
Nov 24	0.96
Nov 24	0.91
Oct 24	1

Price to Book

9688.HK Price to Book by quarter
Period	Price to Book
Sep 26	4.04
Sep 26	4.04
Sep 26	4.43
Aug 26	4.41
Aug 26	4.34
Aug 26	4.28
Aug 26	3.67
Jul 26	3.05
Jul 26	3.28
Jul 26	3.31
Jul 26	3.37
Jul 26	3.19
Jun 26	2.74
Jun 26	2.83
Jun 26	2.6
Jun 26	2.49
May 26	2.74
May 26	2.9
May 26	3.18
May 26	2.98
Apr 26	3.25
Apr 26	3.48
Apr 26	3.61
Apr 26	3.21
Apr 26	3.11
Mar 26	2.61
Mar 26	2.63
Mar 26	2.65
Mar 26	2.87
Feb 26	2.79
Feb 26	2.85
Feb 26	2.89
Feb 26	2.52
Jan 26	2.44
Jan 26	2.65
Jan 26	2.71
Jan 26	2.7
Jan 26	2.53
Dec 25	2.7
Dec 25	2.58
Dec 25	2.66
Dec 25	2.91
Nov 25	2.95
Nov 25	2.86
Nov 25	3.19
Nov 25	3.22
Oct 25	3.57
Oct 25	3.68
Oct 25	3.91
Oct 25	4.5
Oct 25	4.74
Sep 25	4.17
Sep 25	4.35
Sep 25	4.46
Sep 25	4.13
Aug 25	4.38
Aug 25	4.57
Aug 25	4.73
Aug 25	4.62
Aug 25	4.91
Jul 25	4.96
Jul 25	4.62
Jul 25	4.45
Jul 25	4.83
Jun 25	4.29
Jun 25	4.31
Jun 25	5.16
Jun 25	4.61
May 25	3.75
May 25	3.91
May 25	3.59
May 25	3.71
May 25	3.97
Apr 25	4.04
Apr 25	3.59
Apr 25	3.5
Apr 25	4.52
Mar 25	0.58
Mar 25	0.52
Mar 25	0.55
Mar 25	0.53
Feb 25	0.5
Feb 25	0.5
Feb 25	0.44
Feb 25	0.41
Jan 25	0.39
Jan 25	0.39
Jan 25	0.38
Jan 25	0.36
Jan 25	0.36
Dec 24	0.37
Dec 24	0.37
Dec 24	0.37
Dec 24	0.39
Nov 24	0.4
Nov 24	0.35
Nov 24	0.38
Nov 24	0.44
Nov 24	0.42
Oct 24	0.46

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AI Analysis

Zai Lab Limited

Video analysis: 9688.HK

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